The Bears may take over the market this week

EUR/USD is still in a bearish trend if you look at the weekly chart. However, the last 2 weeks have been tricky for the bulls due to a "risk on" market mood - due to the reduced fear associated with Omicron. But, I still think there is more room for bears, because the previous week has already included all the positive information in the price. So, from a technical point of view, you can enter a short position if the upper channel and the double top are breached (in which case we would have double confirmation to enter the short position).